Press release
2025-2034 Integrated Recirculating Aquaculture System (RAS) Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Integrated Recirculating Aquaculture System (RAS)
What Is the Expected CAGR for the Integrated Recirculating Aquaculture System (RAS) Market Through 2025?
The market for the integrated recirculating aquaculture system (ras) has demonstrated substantial growth recently. The market, which currently valued at $4.69 billion in 2024, is forecast to climb to $5.1 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. This expansion during the historic period can be linked to a surge in demand for sustainable seafood, escalating worries about overfishing, amplified emphasis on water conservation, the proliferation of land-based fish farming, and increased consumption of seafood.
What's the Projected Size of the Global Integrated Recirculating Aquaculture System (RAS) Market by 2029?
The next few years are predicted to witness a robust growth in the size of the integrated recirculating aquaculture system (RAS) market. The market is estimated to inflate to a worth of $7.06 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this anticipated growth during the prediction period include increased demand for sustainable aquaculture methods, heightened consciousness of overfishing, growth in the demand for safety and traceability in seafood, proliferation of organic and niche seafood markets, growing popularity of land-based aquaculture, and increased demand for fish that are disease-free. The forecast period is also expected to witness several key trends, such as, refinement in RAS energy efficiency, advancement in RAS water filtration technology, cooperation with sources of renewable energy, implementation of upgraded biosecurity measures, and the creation of species-specific RAS systems.
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Top Growth Drivers in the Integrated Recirculating Aquaculture System (RAS) Industry: What's Accelerating the Market?
The integrated recirculating aquaculture system (RAS) market's growth is predicted to surge due to the escalating demand for quality seafood products. This increase in demand is driven by heightened health consciousness about seafood's nutritional properties and burgeoning consumer inclination towards sustainability. Integrated recirculating aquaculture systems (RAS) contribute towards the production of quality seafood, promoting sustainable farming, efficient water usage, and monitored conditions for improved fish health and reduced environmental impact. As per the Department of Agriculture, Fisheries, and Forestry - a government agency based in Australia, it is projected that seafood production will rise from 60% of the total production value in 2023-24 to 64% by 2028-29. Furthermore, the estimated real value of aquaculture is expected to hit $2.21 billion by 2028-29. Thus, the burgeoning demand for quality seafood products is steering the growth of the integrated recirculating aquaculture system (RAS) market.
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What Are the Key Trends Driving Integrated Recirculating Aquaculture System (RAS) Market Growth?
Leading firms in the integrated recirculating aquaculture system (RAS) market are honing their focus on introducing innovative offerings, such as water quality management systems. These systems are devised to enhance the health of fish and boost sustainability by overseeing and sustaining the water's chemical, physical, and biological quality. In May 2023, Evonik Industries AG, a specialty chemicals organization based in Germany, rolled out VIGOROX Trident. This innovative solution curbs waterborne diseases in fish in RAS and ponds even when fish are present, leaving behind harmless byproducts. VIGOROX Trident serves as an effective and safe alternative to conventional water treatment techniques, without noticeably affecting salmon and similar species if concentrations are kept under 3.5 mg/L. This product equips aquaculture operators with an economical means to uphold water quality, conform to regulatory standards, and enhance fish health, without necessitating extra steps for chemical residue cleanup.
What Are the Main Segments in the Integrated Recirculating Aquaculture System (RAS) Market?
The integrated recirculating aquaculture system (RAS) market covered in this report is segmented -
1) By Type: Closed Type, Semi Closed Type
2) By Application: Outdoor System, Indoor System
3) By End Use: Retail, Food Processing Industry, Restaurants And Food Service, Animal Feed Industry, Pharmaceutical And Nutraceutical Industries, Other End Uses
Subsegments:
1) By Closed Type: Fully Closed RAS, Modular Closed RAS, High-Density Closed RAS
2) By Semi Closed Type: Semi Closed RAS For Freshwater, Semi Closed RAS For Marine Water, Hybrid Semi Closed RAS Systems
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Which Top Companies are Driving Growth in the Integrated Recirculating Aquaculture System (RAS) Market?
Major companies operating in the integrated recirculating aquaculture system (RAS) marker are Xylem Inc., Pentair plc, Veolia Water Technologies and Solutions, Kaeser Compressors Inc., Skretting, Innovasea Systems Inc., BioMar Group, Aqua BioTech Group, Stolt Sea Farm S.A., Sterner AS, Nocera Inc., Moleaer Inc., Blue Ridge Aquaculture Inc., BioFishency Ltd., OxyGuard International A/S, CM Aqua Technologies ApS, AquaMaof Aquaculture Technologies Ltd., Clewer Aquaculture Oy, Fox Aquaculture Inc., Hesy Aquaculture B.V., Integrated Aqua Systems Inc., Levapor India Pvt Ltd., MAT-KULING AS, AKVA Group ASA
Which Regions Will Dominate the Integrated Recirculating Aquaculture System (RAS) Market Through 2029?
Asia-Pacific was the largest region in the integrated recirculating aquaculture system (RAS) market in 2024. The regions covered in the integrated recirculating aquaculture system (RAS) marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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